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Debt Relief Orders - only if you have spare income of £50 or less - Bankruptcy UK

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Debt Relief Orders – only if you have spare income of £50 or less

To apply for a debt relief order, you need to meet certain conditions.  One of these is that the amount of spare income you have each month – that’s after all your household outgoings – is £50 or less.

Your adviser will be able to help you take into account all the money coming into your household including things like your salary or wages, your benefit payments (like Jobseeker’s Allowance, for example), your pension, contributions from other members of your household and any rental income etc.

Once you’ve paid all your normal bills, if the figure left over is £50 or less, you may be able to apply for a DRO if you meet the other conditions.

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Bankruptcy UK

Bankruptcy UK